Understanding Commission Levels
This section provides guidance for agency admins in understanding the Commission Level feature within AgentSync Contracting.
Understanding Commission Levels:
With the AgentSync Contracting commission feature, agency admins have the flexibility to create and modify commission levels. Although commission levels are typically established by AS Admins during implementation, utilizing a master commission grid provided by agency admins, our beta version now allows agency admins to independently create and update commission levels.
Reasons for Creating or Updating Commission Levels:
Agency admins have the ability to add or update commission levels for various reasons. This includes changes in production levels, which may require adjusting the corresponding commission level for a producer within the agency. Carrier policy changes can also necessitate updating commission levels to reflect any revisions to their commission structures. Additionally, if production needs to be reallocated to a different producer within the agency, agency admins can create or modify commission levels to align with the changes.
Understanding Variation in Commission Levels:
Carriers determine commission levels for agencies based on a variety of factors, including their specific commission structures. Agency admins can select from the predefined commission levels offered by carriers. Agency performance is also a significant factor in commission levels. Agencies that consistently submit significant business or have high production volumes are eligible for higher commission levels.